Veriflow Wins Barclays 2016 Open Innovation Challenge Award

October 26th, 2016

SAN JOSE, CA–(Marketwired – Oct 25, 2016) – Veriflow was announced as the Barclays “Innovation Challenge Winner.” Veriflow, which was co-founded by ITI's Brighten Godfrey and Matt Caesar, beat out more than 100 global technology companies for the honor during Barclays’ fourth annual Open Innovation Challenge held in Palo Alto, CA on October 17.

P. Brighten Godfrey

Barclays hosts Open Innovation events to evaluate the latest technologies that are likely to significantly impact the banking landscape in the coming months and years. From over 100 applicants, Barclays selected twenty-five companies to engage in face-to-face pitch and demo sessions that were intended to find solutions to this year’s three challenges: micro-segmentation, container technologies and open source for the enterprise. The Challengers included key technology leaders from across the Barclays business portfolio as well as global infrastructure and architecture.

Veriflow was named as the Innovation Challenge Winner. Veriflow is the first networking company to use formal verification to eliminate change-induced network vulnerabilities and outages.

Afterwards, Tony Kerrison, Global Head of Infrastructure Services said “Start-ups are generating exciting ideas all the time and this event provides an ideal platform to quickly identify best-in-class emerging technologies. Not only do we want to harness their creativity to deliver superior solutions to customers and clients, it’s also really rewarding to support the next generation.”

Matt Caesar

“We’re honored to be recognized by Barclays through their 2016 Open Innovation Challenge,” said James Brear, president and CEO of Veriflow. “This award along with our recent customer wins are further validation of our technology’s ability to solve some of the toughest availability, resilience, compliance and segmentation challenges in networking today.”

“Enterprises are facing a new reality where technologies like software-defined data centers with virtual and physical networks, rapidly provisioned containers, and hybrid cloud result in higher network complexity and poor visibility,” said Co-Founder and CTO Godfrey, an associate professor of computer science at Illinois. “Yet the network is under more pressure than ever to assure that micro-segmentation and resilience policies are actually realized. So we see the mathematical confidence provided by Veriflow’s continuous network verification becoming essential for all enterprises.”

About VeriflowVeriflow is the first networking company to use continuous network verification to eliminate network outages and vulnerabilities. The company was created by a team of computer science professors and Ph.D. students at the University of Illinois at Urbana-Champaign, and is backed by New Enterprise Associates (NEA), Menlo Ventures, the National Science Foundation and the U.S. Department of Defense. The company is headquartered in San Jose, California. To learn more, visit veriflow.net and follow us on Twitter @veriflowsystems.